It is one of the most innovative and powerful indicators that is used by numerous traders around the globe. The cTrader Ichimoku Indicator was created by a Japan-based newspaper writer called Goichi Hosoda in the year 1968. Here, learn more about the Ichimoku cTrader indicator, its pros & cons and how to use it for trading effectively. The Ichimoku cTrader indicator comprises of 5 distinct lines known as the kinjun-sen, tenkan-sen, senkou span A, chikou span and senkou span B. It’s used for gauging momentum in addition to future support as well as resistance areas. In simple terms, it is essentially a technical indicator that sits on top of a chart. The Ichimoku Kinko Hyo indicator is commonly known as Ichimoku. If you trade other instruments like Futures or Equities then you have probably seen this technical analysis indicator in other platforms. If you are a regular forex and CFD trader then you must have come across the term cTrader Ichimoku Indicator. Introduction to cTrader Ichimoku Indicator
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